HBDC vs. QCON

Last updated Jun 4, 2026

HBDC (Hilton BDC Corporate Bond ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. Both are actively managed. HBDC charges 0.39%/yr vs 0.32%/yr for QCON.

Performance

HBDC vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hilton BDC Corporate Bond ETF (HBDC) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HBDC

• 1D: -0.10%
• 1M: 0.51%
• YTD: 0.22%
• 6M: 0.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HBDC vs. QCON - Yearly Performance Comparison

	2026 (YTD)
HBDC Hilton BDC Corporate Bond ETF	0.36%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

HBDC vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hilton BDC Corporate Bond ETF (HBDC) and American Century Quality Convertible Securities ETF (QCON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HBDC	QCON	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	—	—

Drawdowns

HBDC vs. QCON - Drawdown Comparison

The maximum HBDC drawdown since its inception was -2.96%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HBDC and QCON.

Drawdown Indicators

	HBDC	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-2.96%	0.00%	-2.96%
Current Drawdown Current decline from peak	-0.41%	0.00%	-0.41%
Average Drawdown Average peak-to-trough decline	-0.68%	0.00%	-0.68%

Volatility

Volatility by Period

	HBDC	QCON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.99%	0.00%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.99%	0.00%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.99%	0.00%	+2.99%

HBDC vs. QCON - Expense Ratio Comparison

HBDC has a 0.39% expense ratio, which is higher than QCON's 0.32% expense ratio.

Dividends

HBDC vs. QCON - Dividend Comparison

HBDC's dividend yield for the trailing twelve months is around 4.52%, while QCON has not paid dividends to shareholders.

Position	TTM	2025
HBDC Hilton BDC Corporate Bond ETF	4.52%	2.42%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HBDC or QCON?

On fees, QCON is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBDC or QCON?

QCON is cheaper with a 0.32% expense ratio, compared with 0.39% for HBDC.

Which ETF pays a higher dividend yield, HBDC or QCON?

HBDC has the higher dividend yield at 4.52%, compared with 0.00% for QCON.

What is the main difference between HBDC and QCON?

They also come from different issuers: Hilton and American Century. Their fees differ too: 0.39% for HBDC and 0.32% for QCON.